INTERNATIONAL OR NATIONAL UNITY

Bay of Plenty Beacon, Volume 8, Issue 3, 29 August 1944, Page 5

INTERNATIONAL OR NATIONAL UNITY

Sir—l would like to refer to Mip Mora's letter "International Slinter." It would appear that the Bank o£Enternational Settlement is and wilL * be a sort of fairy God-mother to tb.& nations of the, earth; first lending moneys to the nations to produce arms for the w r ar (| and finally for the production of food for the devastated nations. Now the international banking system is. entirely a private institution« and holding a monopoly over production in those countries that bend to its rule. Russia being, the world's greatest producer oft gold, she accepted the chance to- ' establish gold credits. In this she: stands alone! . . . Much as wes sympathise with the good intentions of advocates of such a itJ will serve no useful purpose for fiw ture peace. Every nerve of the British people is strained to sustain the war and they are not likely to appreciate. a proposal which would indeed joki the resources of the United States to their own but only at the "price of subordination." AVhea you consider Britain's gesture by advancing those moneys for us to use in trade does it not point to a desire to keep her f antl her Dominions on the sterling area as against the Dollor and GOLD BLOC —and with the means to obtain our requirements through her, rather than America. If Mr Mora had followed the lease-lend through., its diverse passages he could have seen where the, "International Slint.— er" is leading us. Being foreign to national integrity it battens downer all national control under its strangles • hold of money monopoly. On Wed-c----nesday, August Mr Langs.tor.faf speaking to the House, spoke ablyjr on this matter but what his policy as a Labour Member may be :j remains to be seen . .... True, t pjrodnc-r tion is the key to victory; but won't be the key to national peace under orthodox monetary rule. In reality we have not produced more- food--stuffs than could be consumed under* ordinary but the greatest production has been in materials to destroy life i} whilst the: one who gets a direct benefit is the International Banker extorting usurary from all aationE, find their Governments, reducing the common people to the bread line to pay the; billl Yours etc., W. BRADSHAWj*